Bitcoin Cash (BCH) Soars after Kim Dotcom Support

Bitcoin Cash (BCH) is up 22.83% at the time of publishing this article, valuing the cryptocurrency at $704.47, which is the highest it has been since mid-2018. Driving the price higher has been a glowing recommendation from Kim Dotcom, the Founder of the now-defunct file-sharing site Megaupload.

The German-born New Zealand resident tweeted his support for Bitcoin Cash on February 11th.

When questioned on Twitter why he supported Bitcoin Cash and not Bitcoin, Kim Dotcom, real name Kim Schmitz, replied: “Because I believe BCH has bigger potential to become the digital money leader, is currently undervalued and has a team that is open to good ideas and advise. Don’t get me wrong, I love Bitcoin too, and ETH and many others.”

A day later, Kim Dotcom followed up with tweets about a new website he created that extols the benefits and upsides of bitcoin cash.

Many people are asking me why I’m supporting Bitcoin Cash and why I think it has the biggest upside potential. Good question.

I made this little website for you:https://t.co/DIOiBCf1HB

— Kim Dotcom (@KimDotcom) February 12, 2021

Since the start of the year, Bitcoin Cash transactions have intensified. Following Kim Dotcom’s recommendation and support, data from fork.lol shows that BCH transactions overtook BTC transactions. Having risen 27% on the week, BCH is seeing a spike over the weekend trading which is taking the cryptocurrency’s price from $529.47 to its near 30-month high on Sunday.